More than a thousand movie stars, writers, directors and other Hollywood professionals announced their “unequivocal opposition” to the proposed Paramount merger with Warner Bros. Discovery in an open letter published Monday.
A large swath of the movie industry, including Denis Villeneuve, Kristen Stewart, J.J. Abrams and Joaquin Phoenix came out forcefully against the $111 billion deal that would consolidate two legacy studios into one, arguing that it further reduce jobs and movies in an already downsized Hollywood.
“The result will be fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs, and less choice for audiences in the United States and around the world,” reads the letter, posted on BlocktheMerger.com. “Alarmingly, this merger would reduce the number of major U.S. film studios to just four.”
In late February, David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros. Discovery in one of the largest media mergers ever.
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